Evoqua Water Technologies Corp (NYSE:AQUA) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 3,028,300 shares, a drop of 8.9% from the June 30th total of 3,323,700 shares. Approximately 3.9% of the shares of the stock are short sold. Based on an average trading volume of 437,700 shares, the short-interest ratio is currently 6.9 days.
AQUA stock traded up $0.26 during trading on Thursday, hitting $14.53. The stock had a trading volume of 10,744 shares, compared to its average volume of 591,728. Evoqua Water Technologies has a twelve month low of $7.92 and a twelve month high of $19.86. The business’s 50-day moving average price is $14.11.
Evoqua Water Technologies (NYSE:AQUA) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.07). The company had revenue of $360.30 million during the quarter, compared to the consensus estimate of $359.07 million. During the same quarter last year, the firm posted $0.08 EPS. The company’s revenue was up 5.2% compared to the same quarter last year.
A number of equities research analysts have recently commented on AQUA shares. Royal Bank of Canada restated a “buy” rating and set a $16.00 target price on shares of Evoqua Water Technologies in a research report on Thursday, August 8th. Citigroup cut Evoqua Water Technologies from a “buy” rating to a “neutral” rating and set a $16.00 target price on the stock. in a research report on Monday, July 8th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Evoqua Water Technologies currently has an average rating of “Buy” and an average target price of $15.71.
A number of hedge funds have recently bought and sold shares of AQUA. Deutsche Bank AG lifted its stake in Evoqua Water Technologies by 70.9% in the 4th quarter. Deutsche Bank AG now owns 632,712 shares of the company’s stock worth $6,073,000 after purchasing an additional 262,551 shares in the last quarter. Amalgamated Bank purchased a new position in Evoqua Water Technologies in the 4th quarter worth approximately $109,000. Norges Bank purchased a new position in Evoqua Water Technologies in the 4th quarter worth approximately $2,956,000. BNP Paribas Arbitrage SA lifted its stake in Evoqua Water Technologies by 723.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 20,129 shares of the company’s stock worth $253,000 after purchasing an additional 17,685 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Evoqua Water Technologies by 43.6% in the 4th quarter. Bank of America Corp DE now owns 247,742 shares of the company’s stock worth $2,378,000 after purchasing an additional 75,196 shares in the last quarter.
About Evoqua Water Technologies
Evoqua Water Technologies Corp. provides a range of water and wastewater treatment systems and technologies, and mobile and emergency water supply solutions and services. It operates in three segments: Industrial, Municipal, and Products. The Industrial segment offers capital systems and related recurring aftermarket services, parts, and consumables, as well as long-term and short-term service contracts, and emergency services for treating industrial process water, utility water, and wastewater.
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